NASDAQ$OPEN
Opendoor Technologies Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Opendoor Technologies Inc reported Q2 2025 results with modest revenue growth and reduced net loss amid a challenging housing market.
Revenue for the three months ended June 30, 2025 reached $1.567 billion, up 4% year-over-year, driven by higher home sales volume. The company recorded a net loss of $29 million, an improvement from the prior year, with gross profit of $128 million. Inventory levels declined to $1.53 billion as the company adjusted acquisition pace in response to market conditions.
- Sold 4,299 homes in Q2 2025, a 5% increase from 4,078 homes in Q2 2024.
- Net loss narrowed to $29 million from $92 million year-over-year.
- Homes in inventory fell to 4,538 from 6,399, with 36% on market over 120 days.
- Cash and cash equivalents rose to $789 million while total assets stood at $2.907 billion.
Headline financials
Revenue & EPS history
Opendoor · Revenue · Quarterly
$1.57B
Forward guidance
Company remains focused on flexible pricing and risk management in a low-volume housing market.
Tailwinds
- Improved net loss and operating results year-over-year.
- Reduced inventory levels and stronger cash position.
Headwinds
- Persistent affordability challenges and low transaction volumes.
- Elevated percentage of aged inventory in portfolio.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-5.3%
Avg return
Earnings day
-7.8%
Avg return
5 days after
-3.7%
Avg return
30 days after
36%
10 / 28 earnings
Positive
+33.6%
Q1 2023
Best reaction
-25.9%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.0% | -13.7% | -17.3% | |
| Q4 2025 | -5.8% | +7.1% | +5.6% | |
| Q3 2025 | +17.2% | +42.8% | +9.0% | |
| Q1 2025 | +24.4% | +0.9% | -3.0% | |
| Q4 2024 | -6.3% | -14.0% | -21.0% | |
| Q3 2024 | +3.9% | -0.6% | +23.6% | |
| Q2 2024 | -19.8% | -26.1% | -7.3% | |
| Q1 2024 | +10.5% | +12.5% | +9.0% | |
| Q4 2023 | -12.8% | -18.6% | -22.3% | |
| Q3 2023 | +10.6% | +9.5% | +75.7% | |
| Q2 2023 | -25.9% | -25.7% | -18.6% | |
| Q1 2023 | +33.6% | +60.4% | +85.1% | |
| Q4 2022 | -13.5% | -22.2% | -10.3% | |
| Q3 2022 | -11.8% | -28.4% | -25.3% | |
| Q2 2022 | +9.8% | +4.2% | -21.3% | |
| Q1 2022 | -16.3% | -26.9% | -6.2% | |
| Q4 2021 | -8.5% | -10.7% | -6.2% | |
| Q3 2021 | +7.4% | +7.4% | -28.7% | |
| Q2 2021 | +21.1% | +9.8% | +26.3% | |
| Q1 2021 | -9.5% | -9.8% | +3.1% | |
| Q3 2019 | -23.8% | -25.0% | -24.6% | |
| Q2 2019 | -23.8% | -25.0% | -24.6% | |
| Q1 2019 | -23.8% | -25.0% | -24.6% | |
| Q4 2020 | -23.8% | -25.0% | -24.6% | |
| Q4 2018 | -23.8% | -25.0% | -24.6% | |
| Q2 2020 | -23.8% | -25.0% | -24.6% | |
| Q4 2019 | -23.8% | -25.0% | -24.6% | |
| Q3 2020 | +11.2% | -0.7% | +19.1% | |
| Q1 2020 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — |
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